<article>NYSE-listed Concord Medical Services Holdings Limited (Concord Medical) has set up a healthcare fund with Zhongrong International Trust Co., Ltd. (ZRT).</article>

NYSE-listed Concord Medical Services Holdings Limited (Concord Medical) has set up a healthcare fund with Zhongrong International Trust Co., Ltd. (ZRT).
Concord Medical is a speciality hospital management solution provider and operator of one of the largest networks of radiotherapy and diagnostic imaging centres in China. Under long-term arrangements with top-tier hospitals in China, it provides radiotherapy and diagnostic imaging equipment and manages the daily operations of these centres, which are located on the premises of its hospital partners.
Concord medical signed a framework agreement with ZRT to set up Zhongrong Taihe Healthcare Fund in October 2016. The total amount of the fund is RMB1.003 billion (US$150.229 million).
General partners (GPs) of the fund are Beijing Concord Medical Technology Ltd, a subsidiary of Concord Medical, and Zhongrong Guofu Investment Management Co., Ltd, a subsidiary of ZRT.
ZRT is a financial institution approved by the China Banking Regulatory Commission. ZRT&#8217;s investment covers real estate sector, securities, industrial and commercial enterprises, infrastructure sector, and has diversified transaction models, such as equity investment, trust loans, equity income and property management.
China has a huge market for cancer diagnosis and treatment. In 2015, the number of new cancer cases in China was 4.29 million, and 2.81 million patients died of cancers.
Concord Medical believes the establishment of the fund will provide strong capital support for the development of the company and solidify its leading position in the cancer diagnosis and treatment field in China.
As part of its high-end cancer hospital development strategy and oversea business extension, the Company acquired Concord Cancer Hospital, a private hospital in Singapore in April 2015.

The fund's GPs are Beijing Concord Medical Technology & Zhongrong Guofu Investment.

China: Concord Medical-Zhongrong establish $150m healthcare fund

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China: Concord Medical-Zhongrong establish $150m healthcare fund

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